WENGNews writes, "SYD KITSON SENT THE CHARLOTTE COUNTY COMMISSIONERS A FAX LATE YESTERDAY AFTERNOON LETTING THEM KNOW THAT HE IS NO LONGER INTERESTED IN ANY DEAL FOR MURDOCK VILLAGE. KITSON SCALED BACK HIS OFFER TO COMMISSIONERS AT THEIR LAST MEETING, SAYING HE ONLY WANTED TO PURCHASE ABOUT 40 OF THE 870 ACRES ON THE PROPERTY, A MOVE THAT COMMISSIONERS WERE NOT HAPPY WITH AND WERE READY TO REJECT. THE COUNTY DID GIVE KITSON THIRTY DAYS TO COME UP WITH A FORMAL OFFER, BUT HE TOLD THE SUN HE FELT THIS IS WHAT THE COMMISSIONERS WANTED. IT PUTS THE COUNTY BACK AT SQUARE ONE TO FIND SOMEONE TO DEVELOP THE PROPERTY THEY BOUGHT WITH A LOAN BACK IN 2004 THAT IS NOW COSTING THEM OVER $16,700 DOLLARS A DAY IN INTEREST. COMMISSIONER TOM MOORE TOLD THE PAPER HE BELIEVES IT WILL BE AT LEAST TWO YEARS BEFORE THEY FIND SOMEONE TO DEVELOP THE LAND, AND THE COUNTY WILL CONTINUE TO ABSORB THE ENORMOUS DEBT ON IT. "
